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  • #4,301
  • Feb 13, 2012 1:13am Feb 13, 2012 1:13am
EURUSD: TDI H1 pointing down

Although the TDI H4 has just spiked up there are other reasons to short EU:
Price has just bounced off 61% fib which is also at the bottom of last weeks resistance.
There is a gap to fill from Friday
There are at least 40 points to fall before the 23% fib which is also the top of the next support and is still above the next round number: 1.32.

Waiting till LO
  • #4,302
  • Feb 13, 2012 1:39am Feb 13, 2012 1:39am
Hi,

Approaching LO in less than 30mins.
If you are trading S3 EU 1H method, now you have to take closer look and make decision:
do you see a setup?
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD 13 Feb GMT 0730 13-2-2012 3-28-37 PM.png Size: 63 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #4,303
  • Edited 2:15am Feb 13, 2012 1:49am | Edited 2:15am
Pullback candle forming on 1hr TF?

Edit: No down signal yet, above 60 ema and TDI is green above red + above 50 and the yellow MBL line
  • #4,304
  • Feb 13, 2012 2:03am Feb 13, 2012 2:03am
Quoting Liberum
Pullback candle forming on 1hr TF?
I never trust the frankfurt 1st hour, they are famous for always driving the prices up to take out the stops and then reverse. Looks like a good idea to short but i would rather wait for a tdi signal.
  • #4,305
  • Feb 13, 2012 2:03am Feb 13, 2012 2:03am
Quoting Liberum
Pullback candle forming on 1hr TF?
is that a nice enough APB pullback bar?
what will be your confirmation for a sell entry?
.
patience will pay off...always,
you must learn to know when to pull the trigger!

let's not be trigger happy.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #4,306
  • Feb 13, 2012 2:18am Feb 13, 2012 2:18am
Quoting emmanuel7788
is that a nice enough APB pullback bar?
what will be your confirmation for a sell entry?
.
patience will pay off...always,
you must learn to know when to pull the trigger!

let's not be trigger happy.
Didn't took a trade yet, already edited my post.
  • #4,307
  • Feb 13, 2012 2:27am Feb 13, 2012 2:27am
Quoting Liberum
Didn't took a trade yet, already edited my post.

no worries mate!
we are not in a live trading room and we should not use this fourm as a live trading room.
but I though it would be helpful for some newbies to learn this method.
just for use to practice in realtime looking at price action and looking out for S3 setups together.
make trading a bit more fun, less stress...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #4,308
  • Feb 13, 2012 2:31am Feb 13, 2012 2:31am
we going to have to watch 3320 area now for a break or maybe a reversal down, may all line up nicely in the next 30 mins or so for a short???
Keep It Simple Stupid
  • #4,309
  • Feb 13, 2012 2:32am Feb 13, 2012 2:32am
Quoting emmanuel7788
no worries mate!
we are not in a live trading room and we should not use this fourm as a live trading room.
but I though it would be helpful for some newbies to learn this method.
just for use to practice in realtime looking at price action and looking out for S3 setups together.
make trading a bit more fun, less stress...
Thanks, emmanuel7788 for your posts, I confirm you that's really helpful, I read your advices with great interest,
  • #4,310
  • Feb 13, 2012 2:42am Feb 13, 2012 2:42am
Quoting Alastair
we going to have to watch 3320 area now for a break or maybe a reversal down, may all line up nicely in the next 30 mins or so for a short???
yup!
Take a look at H4,...its rather bullish now. TDI PL cross MBL...and price is breakout above the PAC. pretty strong momentum I see now.

so I don't see last Friday's high is any significant to be of concern.
last week high is where the target should be for my morning long position.

if you are not in a trade, you will be thinking quite diferrently, that affect our thinking process and our trading psychology.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #4,311
  • Feb 13, 2012 3:01am Feb 13, 2012 3:01am
Hi,

here is one way how I manage my intraday trades using H1.
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD 13 Feb Trade Management.png Size: 57 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #4,312
  • Feb 13, 2012 3:02am Feb 13, 2012 3:02am
X-Man thanks for a great thread . I'm also trading in South Africa (Cape Town) . We are lucky to have the same sort of time zones(day light) to London session .

Waiting for entry on the eur/$ looks nice and short but will wait for confirmation.
  • #4,313
  • Feb 13, 2012 3:43am Feb 13, 2012 3:43am
Quoting emmanuel7788
Hi,

here is one way how I manage my intraday trades using H1.

Why do I show High ADR target 1.3339? Why do you show High ADR target 1.3322? There's nothing that I left behind not setting?
  • #4,314
  • Feb 13, 2012 3:47am Feb 13, 2012 3:47am
Quoting AmaNZ
Why do I show High ADR target 1.3339? Why do you show High ADR target 1.3322? There's nothing that I left behind not setting?
Probably different broker start time by 1 hour? No big deal...

It takes a lot for me to IGNORE you, but you can try.
  • #4,315
  • Feb 13, 2012 3:48am Feb 13, 2012 3:48am
its 15 minutes to closing of this current h1 bar.
is there buyers losing interests and more sellers interest now?
lookout for H1 IB now.
Is there a resistance level causing this now?

you recall what happened on Friday same time!
some will say it is stop hunting... if it is so what will you do?
if more sellers interest after this, ...what will you do?

wait till market show you the way.
all the signals must line up for the next decision to go short.
otherwise it is still continuation.

these are my thoughts right now.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #4,316
  • Feb 13, 2012 4:12am Feb 13, 2012 4:12am
1 st day trading this system, 1 question.... I think i read somewhere that the cadle has to close under the ema in order to go short, could this be considerd a decent setup?

Plus its already on the 3rd candle from the London open.

The TDI on my chart has already crossed, anybody shorting this one?
Attached Image (click to enlarge)
Click to Enlarge Name: chart.PNG Size: 67 KB
  • #4,317
  • Feb 13, 2012 4:19am Feb 13, 2012 4:19am
Quoting only20gp
1 st day trading this system, 1 question.... I think i read somewhere that the cadle has to close under the ema in order to go short, could this be considerd a decent setup?

Plus its already on the 3rd candle from the London open.

The TDI on my chart has already crossed, anybody shorting this one?

ON the 1H , the red candle isn't closed yet , so it's perhaps better to wait the next candle to have a confirmation of the TDI cross,
  • #4,318
  • Feb 13, 2012 4:19am Feb 13, 2012 4:19am
Quoting emmanuel7788
Hi,

here is one way how I manage my intraday trades using H1.
Hi emmanuel, thanks for sharing!
Is R a fixed pip number or is based upon pivot or daily range?
Thanks!
  • #4,319
  • Feb 13, 2012 4:25am Feb 13, 2012 4:25am
Quoting only20gp
1 st day trading this system, 1 question.... I think i read somewhere that the cadle has to close under the ema in order to go short, could this be considerd a decent setup?

Plus its already on the 3rd candle from the London open.

The TDI on my chart has already crossed, anybody shorting this one?
I am.
Saw the cross, the pullback and the Resistance rebound so I decided an early entry. This should not be the usual way.
Please note I'm on demo also.
  • #4,320
  • Feb 13, 2012 4:28am Feb 13, 2012 4:28am
Well i'm in short, TDI cross, candle cross 5 EMA, +20 ATM. Will monitor and see what happens, my TP set just above Pivot at 1.3225

Good Luck
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